Homebuying is among the most challenging things we go through. One dilemma is choosing between under-construction and ready-to-move flats in Mumbai. Several buyers aggressively opt for ready-to-move-in apartments due to the delays in obtaining new property.

Ready-to-move-in flats in Mumbai ensure timely delivery and fund security, which are the most important for prospective homebuyers. The property you are ready to move into should be ready for occupancy. Here are benefits of buying such a flat:

Get what buyers see

Contrary to under-construction properties, there is no risk of discrepancy in the layout shown, features, and amenities promised in ready homes. You can inspect the house thoroughly before making the payment and finalising the purchase. For instance, while buying a 2 BHK flat in Andheri West, you can decide whether it is sufficient for your family to stay and if the building has the amenities listed in the brochure.

Available immediately

Moving into a new space does not require a waiting period. Upon finalising the home, buyers only need to make the payment and handle the documentation. You can also avoid paying EMIs and rent if you buy a ready-to-move-in flat in Mumbai. Moreover, your belongings and family remain secured under one roof.

Low risk

Ready-to-move-in properties have everything buyers need in front of them. Construction delays often happen when you buy a flat in a building still undergoing construction. The sellers can back out at the last minute, causing loss and suffering for the buyer. The risk of delays in possession is comparatively lower for ready-to-move-in apartments than those under construction.

Freedom from GST

Being exempt from paying the Goods and Services Tax is a relief. Ready-to-move-in properties and flats in Mumbai do not follow the framework set by the government. There are no obligations to pay this extra fee because the construction does not belong to a single individual. The tax benefits of such constructions are immediate. If you pay for the property with a Home Loan, you can claim the benefits in the same year.

Additional income source

Due to the property’s availability, you can also consider renting it out immediately after purchasing. The rental benefits provide you with additional sources of income to meet your immediate and future needs. You need not depend on neighbours or relatives to borrow funds to meet your desires.

Know your neighbours

Buyers of ready-to-move-in flats can know their neighbourhood and neighbours before they move in. You can also check the connectivity and proximity to local markets, schools, hospitals, malls, and other benefits of the locality and apartment. Keeping these points in mind helps you make informed decisions.

Conclusion

Security is the most important feature to check while buying a readymade flat in Mumbai. All the apartment’s lobbies, hallways, and community areas should have CCTV cameras installed. Likewise, you can be carefree about your safety, regardless of the facility you use.